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I’m terrible at running positions, just closed all longs based on s&p resistance, I may slice it all, but hey profit is profit, flat as a pancake for the weekend….
Gekko,
Just for the record, I feel I should quantify my post above, when it comes to my pension/SIPP I trade relatively short term literally to make 1-2% on each trade, anything else is a bonus. That way I figure if I can do 1-2% per week then the end of the year looks much more rosey, find me a fund manager than can achieve 50% growth a year for free 😉
Na, I don’t do individual stocks, I think they carry too much risk, closed FTSE short In the sipp just after open, all in cash now. Vix and Dow and s&p re me to long side though moment and trend is down….. I should know better than to try and catch a falling knife !
I turn my phone off for the afternoon and look what happens !! That’s the last time I’m going to court !!
so technically it has broken support, the world is about to end the US is about to default, the charts have broken down (is this the early sign that the default is real), yet here I am thinking, hmmmm I want to buy this drop, the dow at is SEP lows, the nasduck in the same arena… ah I know tomorrow morning I’ll switch my SIPP out of short funds back to cash
Just wish I’d been short the futures too though, that would have been very nice, well done all who were
Thanks kh, how do I change my avatar, a sad face is so negative, 😉 I didn’t short 80 as I really want to see a direction one way or the other, I get the feeling the markets wold frustrate me today and just dance in this apex. Followed by 8pm nonsense as people cover in case some agreement is reached over weekend with a 150 /15 gap on Sunday night.
Mike
no worries re-attached 😉 (as my edit link has gone ont he above post). If i am logged in Kh it is ok, its if i log out then it just says ” Error 404 It seems we can’t find what you’re looking for. Please navigate to another page via the menu above.”, then i have to manually click on login, then after that it just takes me to default page rather than redirecting to original requested page (which would be aneater…i know, I’m fussy lol)
and dow….. there really is nothing below for a a while, but this line has held so firm, man I hate thes points.
I cant bring myself to sell it yet, thought I want to, I cna see two scenarios (which means there must be at least 50 !!)
1. it snaps back down and the arse falls out of it.
2. People go, “oh look, the market is up pre-market for a change, lets buy em”
The chart attached shows possible 1680 es as a resistance for me however if that busted this could be a fast elevator up given its a signifiacnt downtrend…
I think in summary I’m chicken and will see what happens, it will probably dance within the apex, lol
ps Pal, any chance of adding the ability that if you click on a thread link in the email you dont get an error meggage but rather redirected to a login prompt that then sends you direct to the tread ? would be neater 🙂
For me, I think this may be about to accelerate 100 points to the down side but I have a big trend line drawn her eon the s&p, the pattern looks like a pennant breaking down but if those pesky politicians strike a deal piiiing 200/20 higher in a flash imho.
SO today I can now stop being like a cat on a tin roof and have just closed ym shorts from the spike on the 18th October…. which what…was just before contract end…how bizarre
and breathe, time to do nothing….which is always so hard !
ha ha, no problem write another cheque print a bit more cash ! I was expecting to see the ES down at 1650 levels having a flirt with the rising trend from June & Aug lows in the dialy, but perhaps that would be a bit too much too soon. possible last 2 days is some form of bear flag, though yesterdays hammer action completely threw me and I didnt expect that. The TRAN very neatly bust out of its down trend and now looks to be flaging to the upside. I guess I’ll just flip a coin or better still…do nothing 🙂
The hammer action of yesterday is not accompoanied with massive volume (on my charts) which makes me question it’s authenticity….but since when have the markets been authentic of late, lol
